Chinese rare earth prices are fluctuating within a narrow range overall. Under the influence of various uncertainties, there is intense price bargaining between supply and demand sides. Suppliers show weak willingness to make concessions, while purchasers have a lower inclination to accept high-priced goods. This has led to a subdued trading atmosphere in the market and a slow growth in orders.

Analysis of latest tungsten market from Chinatungsten Online

According to statistics from Chinatungsten Online, the current round of tungsten price increases began in mid-November 2023. Since then, the price of 65% black tungsten concentrate has increased by 13.45%, ammonium paratungstate (APT) by 11.24%, tungsten powder by 10.45%, tungsten carbide powder by 11.03%, 70% ferro tungsten by 10.34%, and tungsten bars by 5.88%.

Chinese molybdenum price is showing a strong upward trend, primarily characterized by significant price increases in many molybdenum products, active inquiries and purchases from downstream customers, and suppliers holding onto their stocks in anticipation of higher prices. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued to rise in the week ended on Friday, April 19, 2024, with market sentiment factors relatively prominent.